Bitcoin hits new price high as crypto industry scores US legislation win
By Tina Teng
Published on
ADVERTISEMENTBitcoin surged to a fresh record high on Thursday, fuelled by optimism that the US Congress will soon pass a bill ill for stablecoin- the GENIUS Act, which is set to be the first regulatory framework under the Trump Administration.
During Thursday’s Asian session, the world’s largest cryptocurrency soared past $111,000 (€98,000) at 5:23 am CEST, surpassing its previous all-time high of over $109,000 (€96,000) set during President Trump’s inauguration on 20 January.
The rally was supported not only by legislative developments but also by increasing institutional interest. Michael Saylor’s firm,…
